Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Buyers coming in..........anyone who can read english this is a good update.....next 6 months are massive for NCYT
Visibility of orders for the Company's COVID-19 product portfolio suggests H2 2020 performance on track to exceed that of H1 2020
The only paragraph that really matters in all that. If £4 doesn't happen today, it will by end of September.
It is going to get smashed!
We must remember that we started the week at £3.35 and we're still yet to get the news we're all waiting for. Might take a few more weeks to really rocket...
buys moving in again ,another move up looks to be coming again
85% margin
Strategy update highlights
• New strategy to focus on organic, R&D and acquisitive growth in the respiratory and transplant bacterial and viral diagnostic markets
• Investment in R&D and commercial infrastructure to deliver new products and establish a direct sales force in key markets in the US and across Europe
• Selective product/technology and company acquisitions to generate additional revenues and profits to offset potential future reductions in COVID-19 revenues and enhance the Group's trajectory towards becoming a market leader in respiratory and transplant clinical diagnostics
• Acquisition of specific assets to enable Novacyt to expand its core capabilities whilst maintaining attractive margins
• Investment in developing new IP portfolio to enhance and secure future value
• Acquisition of specific assets to enable Novacyt to expand its core capabilities whilst maintaining attractive margins
watch out for more news ,be my view ,
will £4 be seen this time, buys building nicely
Summary highlights
• H1 2020 sales of €72.4 million and EBITDA of €49.4 million, resulting from the sale of the Company's market leading PCR COVID-19 test, has transformed Novacyt
• Performance provides period end cash of €19.7m, following repayment of all debt and significant investment in inventory
• New strategy implemented to continue growth trajectory and consolidate performance through broadening focus on respiratory and transplant clinical diagnostics
• Visibility of orders for the Company's COVID-19 product portfolio suggests H2 2020 performance on track to exceed that of H1 2020
Financial highlights
• Group consolidated unaudited revenue increased over 900% to €72.4m (H1 2019: €7.2m)
• Primerdesign revenue increased over 2,000% to €70.6m (H1 2019: €3.3m) due to the success of the COVID-19 product portfolio
• Group gross margin strengthened to 83%, delivering a gross profit of €60.3m, an increase of 20% from H1 2019 (63%)
• Primerdesign maintained its strong gross margin, delivering 85% in H1 2020 (H1 2019: 86%), demonstrating strong control of margins as the business is scaled
• Group EBITDA of €49.4m (H1 2019: €0.2m)
• Operating profit of €48.3m compared to a loss of €0.7m in H1 2019, driven by the growth in sales in molecular products business
• Profit after tax of €40.2m compared to a loss of €1.2m in H1 2019
• Cash at 30 June 2020 of €19.7m after paying down all long-term debt and significant working capital investment made into stock to ensure the continuity of supply to meet the demand for COVID-19 tests
• Primerdesign revenue increased over 2,000% to €70.6m (H1 2019: €3.3m) due to the success of the COVID-19 product portfolio
bought some more ,,before next move up
like how new buyers replacing sellers ,thinking will £4 be seen this morning or afternoon ,as sellers being replaced with different buyers
with the number of buyers now that replacing the sellers ,hoping a strong finish ,good to see these seller out and being replaced by buyers before more news is released
Sharehunter, I enjoy your enthusiasm and positive posts, but have a tea break.
like how many buyers now ,picking up shares again
Bungle66; yes getting within striking distance now, now in the crosshairs.
Sooo many shorts closing!
He's excited Hamster and there's not much else to discuss right now.
Good reaction to the rns. I thought it was run-of-the-mill but the gross margin and EBITDA figures are striking.
Chrishar; so am I, but trying to double your post count in one day is a bit OTT, lol.
Once £4 clears, £5 should take to long to blast through. Just sit tight and enjoy the ride. GLA
hamsters18, He's multi-posting to keep his thread at the top of the board.
thought might reach £4 ,some might take profit now at this level , in my view shows the strength of buyers interest in the potential at ncyt
Sharehunter; Agree, very good feel and momentum now...and I am off for a cuppa now. :-)